Some private lenders like the one I work with doesn't require appraisals on fix and flip/new construction loans and also doesn't require tax returns/W2s.

Last month city established a tax incentive district on neighborhood.  

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

although we bought about 6 years ago or so for 270 put 100k into it so you can do the math  no debt .. hoa 400  we pay utls. 200 or so.. so 600 a month out of the 3500.. tax's about 1500 a year ( got to love Vegas taxs ) value today right at 600k.. so lets say we net about 33k a year on 370k cash .. so not bad little under 10% COC with an outstanding tenant one of the best I have ever had.PS given tenant quality we manage ourselves.. 

Is it fair that the county can raise property taxes due to a strong market?

So I broke these up specifically based on numbers and property values, trying to avoid anecdotal bias .

I'm assuming you are arriving at your cash flow number by applying Gross income - cap ex, maintenance, utilities, vacancy, tax, insurance, mgt, landscape/snow & Debt service?

@Anita Z.I recommend finding an accountant who specializes in real estate taxation, tax planning and financial planning.

I know I'm getting the tax benefits of depreciation, the minimal positive cashflow, and the appreciation on the property, but It's pretty much a long term play of slowly raising rents annually to increase cashflow, which will eventually get basically reset when my loan goes P+I in 10 years.

Preforeclosure owner finance wrap, paid off the default payments and taxes with cash and assumed the owners loan.